Education loans to the tune of ₹12.84 crore disbursed to 110 students in Erode
The Erode district administration disbursed ₹12.84 crore in education loans to 110 students during a special camp. Officials encouraged students to utilize the PM Vidya Laxmi portal to secure financial support for higher education.
Why it matters
Financial aid initiatives are critical for increasing higher education enrollment rates among students facing economic barriers.
Collector S. Kandasamy handed over education loan assistance totalling ₹12.84 crore to 110 students at a special education loan camp organised at the Collectorate recently.
Speaking at the camp, Mr. Kandasamy said education loans should be viewed as an investment for the future and banks should extend loans to eligible students without hesitation.
He said the district administration was creating awareness among college students about education loans and helping them apply through the PM Vidya Laxmi portal. Special camps were also being organised to ensure that financial constraints did not prevent students from pursuing higher education. Students who had availed themselves of education loans should help others understand the procedure for obtaining such assistance, he said, and urged the beneficiaries to make effective use of the loans to build their careers.
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